Facebook‘s cryptocurrency Libra shows no signs of launching this year and there have been plenty of speculations regarding its fate, ever since the start of 2020. However, discussions around the launch of Libra did initiate a lot of other conversations in the crypto-space as well, like the role and impact of Central Bank Digital Currencies...Read More
Bitcoin underwent a downward correction earlier this year after breaching the crucial $10,000-mark in a surge that ended the six-month-long bearish fever that had struck the coin. The king coin rose to $10,244 after a minor surge of 0.70% over the last 24 hours. At press time, Bitcoin held a market cap of $186 billion...Read More
Brazil has been very active in the cryptocurrency scene for a long time now. In fact, not only does Brazil rank among the top 5 in the list of countries with the most cryptocurrency holders, but it is also seventh on the list of countries with the highest number of crypto-exchanges. However, the Brazilian government...Read More
Switzerland has been at the forefront of crypto-advancement for a long time now. As a result, many bankers in the country have started to see Bitcoin as a natural fit for their country’s financial and banking sector. On a recent podcast, Phil Dettwiler, Head of Custody Storage and Transaction Banking at SEBA Bank AG, stated...Read More
The collective digital asset market cap has registered a spike of 65.14 percent since 1 January. That is over $100 billion in less than 2 months, which is why a majority of the space is completely convinced by the bull-run bandwagon. Keeping some of the major crypto-assets aside, a few mid-cap cryptocurrencies are exhibiting significant...Read More
For the longest while, the United States’ Securities and Exchange Commission (SEC) and the cryptocurrency ecosystem have been at loggerheads. The fact that the era of Initial Coin Offerings was ushered in as soon as Bitcoin proved that it is not just ‘Internet Money’ is evidence of the same. In 2018, the SEC had taken...Read More
One of India’s biggest cryptocurrency trading platforms and liquidity aggregators, CoinDCX, has announced its partnership with Malta-based exchange OKEx. This wasn’t all, however, as the Indian exchange also announced the launch of its new DCXfutures product to cater to the increasing demands for access to Futures, Options and higher leverage trading for the Indian market....Read More
The altcoin market has slowly begun to rally and XRP, in particular, has risen by 75% since the start of 2020. Other altcoins like Bitcoin SV have surged by over 200% since the start of 2020 as well. At press time, the price of XRP was recorded to be $0.3275, and this is after its...Read More
France has been one of the countries at the forefront of the debate on digital currencies, CBDCs and of course, Facebook’s controversial project, Libra. This debate gained more steam recently after prominent French MPs Laure de La Raudiere and Pierre Person met with France’s Minister of the Economy, Bruno Le Maire to discuss the advantages...Read More
Bitcoin has been performing extraordinarily well over the last six weeks, stealing the spotlight from many of the altcoins in the space. Even larger-cap altcoins like Ethereum and XRP saw impressive gains this year, steering attention away from a few unsung heroes like Hedera Hashgraph, Chainlink, and Huobi exchange’s native token, Huobi token. Source: HBAR/USD...Read More
Crypto-assets have come under the scrutiny of various governments over the past few years. In fact, just recently, markets like the U.S and Europe have made clear their plans to bring stringent regulations to curb tax irregularities, money laundering, and terror financing via crypto-channels. While studies have shown that just over 1% of total crypto-transactions...Read More
Over the past week, major crypto-assets such as Ethereum, XRP, and Litecoin have registered significant growth rates of 27.78, 16.14 and 10.45 percent, respectively. Bitcoin has spiked by 5.32 percent as well, with its positive correlation with other crypto-assets reflecting in the market as well. Although the attention has been largely stolen by these major...Read More
13 February saw the market take a nosedive as Bitcoin’s price fell under $10,500 after surging for a few hours. This 3.63% fall within hours, resulted in the fall of altcoins, especially the highly-correlated asset to Bitcoin, Ethereum. Ethereum observed a 5.31% fall within 3 hours, pulling the price of the second-largest crypto-asset to $258.79....Read More
Though this year has recorded some very positive price movements across the board, it still isn’t entirely clear how institutional investors have positioned themselves about Bitcoin. While volumes and volume profiles on derivative exchanges do provide a lot of information regarding how much trading is taking place, a far more insightful metric is its ‘Open...Read More
Bitcoin’s price, at press time, was $10,144. And while the king coin’s price has dipped significantly over the past few hours, Bitcoin’s surge over $10,300 was the world’s largest cryptocurrency’s biggest rally in 2020. In fact, Bitcoin breached the much-anticipated $10k level twice this week after a significant pullback. Today, Bitcoin is seen by many...Read More
CryptoCompare recently published its exchange rankings report for Q4 of 2019. The report ranked cryptocurrency exchanges on the basis of various factors such as their legal compliance, level of security, and how well developed the exchange’s back-end is. Surprisingly, itBit took the first place for the first time, scoring an ‘AA’ grade on the list....Read More
CBDCs have been ruffling the feathers of regulators worldwide, eliciting concerns regarding the impact of their use and sale. Regardless of such concerns, however, many nations around the world have joined the race to launch their own fiat-backed stablecoins over the last few years, with countries such as China, Japan, Thailand, and even Singapore taking...Read More
One of the biggest concerns for governments and traditional investors across the world regarding cryptocurrencies is the popular misconception that these have the potential to facilitate bad actors. A recent report by CipherTrace Labs found that individuals are operating illicit crypto-Money Service Businesses (MSBs) at 8 out of 10 U.S retail banks whereas in Europe,...Read More
Deribit exchange continues to maintain its dominance in the Bitcoin Options market, with its trading volume over the last few months continuing to dwarf other exchanges, despite competition from the likes of Bakkt, CME, OKEx, and FTX. Crypto-derivatives data analytics firm Skew recently reported that Bitcoin Options on Deribit had touched a new all-time high....Read More
The past week has been noteworthy for most crypto-assets, with a majority of them recording significant gains. The world’s largest crypto-asset, Bitcoin, surged by over 9% over the past week, while most other altcoins in the top 10 registered double-digit growth. Ethereum and other smaller-cap assets have been outperforming Bitcoin too, with the second-largest coin...Read More
When the concept of a stablecoin was first introduced, it took the cryptocurrency industry by storm. Trading moved faster, liquidity rose, and markets became more efficient. Further, the introduction of stablecoins enabled users to make cryptocurrency payments without the risk of volatility. Though stablecoins have changed the way crypto-markets work, a number of controversies surrounding...Read More
Bitcoin was conceived to ensure the financial independence of people. However, funds stored by users on crypto-exchanges have raised many questions regarding its ownership. Nevertheless, the demand for an established platform to provide custody for cryptocurrencies has only increased and according to Jake Chervinsky, General Counsel at Compound, we are stuck with this custody model...Read More
Ripple has been taking significant steps towards providing its financial solutions all around the world, with a recent development expanding the firm’s presence in one more country. The National Bank of Egypt has signed an agreement with Ripple to aid in easing the remittance process, according to reports. The National Bank of Egypt has now...Read More
The Bitcoin ecosystem has been adaptive to various technologies, with many of them intent on solving Bitcoin‘s utility; one of them is Lightning Network. Bitcoin’s Lightning Network was introduced as a second layer technology to execute micropayments instantly and at low costs. However, there has been a constant debate about whether or not Lightning has...Read More
The digital asset industry is perhaps the only asset class that is so susceptible to market sentiments and changes in geopolitical situations between different nations. Taking Bitcoin as a prime example; a significant part of the community attributed Bitcoin‘s price surge to the rise in tensions between the United States and Iran and the outbreak...Read More
Though Bitcoin is quite heavily misadvertised as an anonymous payment network, it is actually one of the more transparent crypto-networks to transact on. In the early days of cryptocurrency, when KYC and AML regulations weren’t as strict as they are now, it was easier to conduct Bitcoin transactions which couldn’t be traced back to criminal...Read More
They say the opposite of love is indifference; and if one thing has been made clear over the last few years, it is that governments and regulators are no longer indifferent toward cryptocurrencies. Countries like China are announcing national CBDCs left, right and center, while regulators across the world have started becoming more receptive, introducing...Read More
The infamous PlusToken Ponzi scam that resulted in investors losing over $3 billion in cryptocurrencies like Bitcoin [BTC] and Ethereum [ETC] has reared its ugly head again. After a short hiatus, the scam artists have re-surfaced and moved $117 million in Bitcoin, within their addresses. Dovey Wan of Primitive Ventures called out the hefty 11,999.47...Read More
Discussions around central bank digital currencies [CBDCs] have intensified over the last couple of months, especially since China accelerated its plans to launch its own CBDC last year. In fact, talks about CBDCs even found a place at the WEF in Davos this year. While many lawmakers had previously chosen to proceed with caution, with...Read More
Belgium’s Financial Services and Markets Authority (FSMA) is pushing the government to bring regulations for digital currencies, according to a recent report. In a Senate hearing on Feb 10, Jean-Paul Servais, chairman of FSMA, urged lawmakers to establish a legal framework for the sale, purchase, and use of virtual currencies and all related financial products....Read More
